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2019-02-22  11:21
CIJ Serbia
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Company News

Lufthansa Technik to open service center in...

The German aircraft maintenance and repair company Lufthansa Technik will open a new service center in Miskolc, northeastern Hungary. The company plans to invest HUF 43 billion in the project. Lufthansa will repair aircraft parts at the facility which should employ 400 people. The Hungarian government has pledged to contribute to training support. Founded in 1995 in Hamburg, the compa...
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2019-02-22  11:15
CIJ Serbia
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Company News

CTP expanding in Hungary around Budapest

Low vacancy rates around Budapest have convinced industrial developer CTP to expand its network for the area. To achieve this, it acquired roughly 35 ha of additional land in order to build new facilities for its clients. Currently, it has more than 66,000 sqm of modern industrial space in development around the city: CTPark Budapest West 43,000 sqm and CTPark Budapest South 23,000 sq...
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2019-02-22  11:05
CIJ Serbia
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Company News

Tesla to open dealership in Hungary

The US based automotive company Tesla will open a dealership for its cars in Budapest. The electric car specialist will be selling from a showroom located near the Petofi Bridge and is expected to offer servicing as well. Customers are already being invited to sign up for test drives on the company's web site. Universal Leasing Kft is the owner of the dealership and it's the...
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2019-02-22  10:57
CIJ Serbia
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Company News

MK Group plans €500m in new SEE investments

MK Group is planning to invest €500m by 2025 to expand its capacities in the banking, agrarian and tourism sectors in the SEE region. Founded 35 years ago, MK Group comprises of 75 companies, employing 7,000 people in Serbia, Montenegro, Croatia and Slovenia. Its investment portfolio has hit €1bn. Last year, the group opened the first Sheraton Hotel in Serbia in Novi Sad. It recently ...
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2019-02-22  10:55
CIJEurope.com
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Company News

Czechs hit Billa and Penny with CZK 164m...

The Czech Antimonopoly Office (UOHS) has slapped Billa and Penny Market with a CZK 164m fine for abusing their position on the market against the interests of consumers and suppliers. Investigators found that suppliers were being forced to pay "RBG Bonuses", which it charged werd payments to the Rewe Buying Group simply for stocking their goods. The UOHS says the charge ofte...
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2019-02-22  10:48
CIJ Serbia
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Company News

Sigit Serbia to start producing car parts...

Sigit Serbia will start producing plastic components for Porsche at its factory in Kragujevac, central Serbia. Production is scheduled to start in April. Sigit will manufacture components for the German carmarker’s Cayenne, Carrera 911 and new electric car models. The factory’s annual production should grow to €3m to €5m with this contract. Sigit Group also cooperates with Fiat, Merce...
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2019-02-22  10:40
CIJ Serbia
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Company News

PPF acquires Telenor Bank in Serbia

PPF Group has finalized its acquisition of Telenor Bank in Serbia. The Czech investment group bought the bank from Norway’s Telenor Group. The bank specializes in innovative online financial services and was the first mobile and online bank in Serbia. It currently has more than 400,000 customers. PPF Group acquired Telenor Group’s telecommunications assets in the CEE region in 2018 fo...
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2019-02-22  10:35
CIJEurope.com
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Company News

Zásilkovna to compete directly with Czech...

Zásilkovna, which operates a network of pick-up points for e-shop customers, plans to begin competing with the post office by handling non-commercial packages as well. "Until now you could pick up goods purchased from an on-line store," the company's owner Simona Kijonková told Hospodářské noviny. "Now you'll be able to send anything to anyone." HN report...
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2019-02-22  10:28
CIJEurope.com
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Company News

Škoda plugged into hybrid future

Škoda Auto will unveil 30 new models by the end of 2022. Those who worry that the country's economy depends on this company's ability to stay on top of the changes confronting the automobile sector will be relieved to know that 10 of the new models will be electric cars. Škoda Auto's boss Bernhard Maier told Hospodářské noviny that it would begin selling a hybrid versio...
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2019-02-22  10:27
CIJEurope.com
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Politics

Slovaks return to streets one year after...

A year has elapsed since the brutal murder of Slovak journalist Ján Kuciák and his fiancee Martina Kušnirová and Slovaks came back out onto the streets to mark the anniversay. Speaking to a crowd in Košice, Slovak president Andrej Kiska said he doesn't believe the situation within the country has improved much. "I'd like to praise the investigators and the police that ...
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